(The Center Square) — The Georgia Senate signed off on legislation that proponents said would give more insight into the state’s budgeting process.
On Tuesday, state senators passed Senate Bill 366, the Tax Expenditures Transparency Act of 2024, by a 50-0 margin.
The measure increases the number of audits the chairs of the House Ways and Means and Senate Finance committees may request annually from five to six. It also requires more details about expected revenues to be included in the annual general appropriations bill and creates the Joint Committee on Taxation and Economic Development to meet in odd-numbered years to review the economic analyses requested.
“This legislation will expand the General Assembly’s ability to conduct audits and economic analyses of tax incentive programs, while considering proposals for reform,” Lt. Governor Burt Jones, a Republican, said in a statement. “The process will also draw on the expertise of our